If it lasts to the end of summer before a huge crash, I'd be surprised.
What say you?
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This may be a stupid question but what happens to your money?
Not a stupid question. The answer is It become worthless.... 💵 suitable to wipe your ass or perhaps burn in order to keep warm.
So what do we do then?
Convert cash to hard assets. Gold, silver are reliable. Crypto could be profitable. Stocks and other traditional paper assets are super risky in a crash. If you wanted a little GME or DWAC go for it.
Keep enough operating cash, but other than that, cash is a rapidly depreciating asset.
I am invested in DWAC and the rumble stock, whatever that is I forget the ticker symbol bit just a little. What will people do that don't have the money to do any of this?
I personally only purchase hard assets....Real estate, guns, ammo, silver, gold, booze, non perishable food, first aid items, tools and some girly stuff cuz I’m a woman.
I don’t do crypto or stocks. This is merely my personal preference.
If you can’t afford anything then get yourself some skills to make yerself useful. If the SHTF people will band together and help each other out.
The problem is I can't do much I am on oxygen. I do what I can.
I have the same question! Our money, stocks, bitcoin, crypto etc
It's a good question.
History has shown 100% of the time, currency backed by nothing always reverts back to zero.
Nothing like what is happening now has ever happened before...so who knows.
That is very true. Sometimes I forget we are in uncharted waters.
Ever heard that song "Puff the magic dragon"? There ya have it.
Lol, yes.